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Property profile & analytics
OFF-MARKET
Office buildings
1401 Michigan Ave Jackson, MI 49202-4022
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1783527
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
1,684 SF
Lot
0.22 ac (9,496 SF)
Zoning code
R-6
APN
3-065500000
UPID
US43-1783527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Worth William A Jr Law Firm
-
Lawrence M. Zolman, LPC/Open Door Family Counseling Counselor
-
Open Door Family Services Adoption Agency
-
Worth Law Offices Law Firm
-
Worth Patricia J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Open Door Family Counseling LLC · 4 yrs held
Open Door Family Counseling LLC
since 2022
1 recorded transaction
Zoning & alternative use
R-6 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 28-41. - R-6 residential and low-intensity office district. The residential and low-intensity office district is designed to maintain low intensity uses in those areas of the city where changing traffic volumes and patterns can generate more intensive land uses. This district encourages a mixture of low intensity residential uses and administrative or p…
Zone name
Residential And Low Density Office
General category
RESIDENTIAL
Zone area
41.73 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,080
Tax year 2022
Assessed value
$78,400
Assessed 2023
Previous assessed
$78,200
+0.3% YoY
Effective rate
5.20%
On assessed value
Total market value
$156,800
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
1,684 SF
Lot
0.22 ac (9,496 SF)
Zoning code
R-6
APN
3-065500000
UPID
US43-1783527
Jurisdiction
JACKSON
Zoning & alternative use
R-6 · Jackson, MIZoning R-6 · permitted uses
R-6 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 28-41. - R-6 residential and low-intensity office district. The residential and low-intensity office district is designed to maintain low intensity uses in those areas of the city where changing traffic volumes and patterns can generate more intensive land uses. This district encourages a mixture of low intensity residential uses and administrative or professional office uses that generate little pedestrian or automobile traffic. It is specifically intended to prohibit commercial establishments of a retail nature that are involved with the sale or repair of goods, wares or merchandise. (Code 1977, § 5.36)
Zone name
Residential And Low Density Office
General category
RESIDENTIAL
Zone area
41.73 ac
Source
code of ordinances
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Open Door Family Counseling LLC
Entity
Mailing address
316 S BROWN ST STE A, JACKSON, MI 49203-1481
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
—
Open Door Family Counseling LLC
William A Worth JR
Warranty Deed
$132,000 · County National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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